5 Essentials for Nonprofit AccountingAccording to the National Center for Charitable Statistics, nonprofits account for 5.3% of the GDP. That equals more than 1.5 million organizations accounting for 9.2% of all wages and salaries paid in the United States. That many organizations, all handling money on a daily basis, require a powerful accounting software solution. Denali FUND from Cougar Mountain Software is designed to handle the breadth of these organizations from the smallest to the largest, as well as the complexity of each organization’s individual finances.

Nonprofit accounting requires flexibility and customization. Nothing captures the essentials of nonprofit accounting agility like Cougar Mountain Software’s Denali FUND. Denali FUND offers modular flexibility, breakout budgets, a secure audit trail, individual user tracking, and customized reporting. Putting these essentials to work with Denali FUND will solve your nonprofit accounting challenges in an accessible and tailored format.

First-time fraud offendersResponsibility of Board Members

According to research published in the Marquette report and the Association of Certified Fraud Examiners (ACFE) Report to the Nations on Occupational Fraud & Abuse (2016), those who commit fraud (for the first time) are among the most trusted in their organization(s). These are competent, educated employees that have risen to a level in their careers where they have access to assets and less oversight. Exceptionally few perpetrators are below 30 years of age or above 60 years. Individuals between those two ages account for 83% of cases. While data suggests that fraud is an equal opportunity crime (both genders commit the offense in equal numbers), men steal around 25% more than their female counterparts. Another interesting factoid: the longer individuals are employed, the more they steal.

Forensic accountant and Certified Fraud Examiner, Denise McClure, explains the story behind these numbers. Seasoned employees steal more than their untried workmates because they can justify it, she says. “I should have gotten a raise years ago,” “I’m under-appreciated,” “I’m only borrowing this money,” are all common rationalizations-turned-manifestos that help first-time offenders justify their illicit behavior. In the 1940s, Donald Cressy, a criminology student at Indiana University, hypothesized that there were three conditions necessary for someone to commit fraud: 1) a non-sharable financial pressure, 2) opportunity, and 3) rationalization. Today, experts call this combination the Fraud Triangle.

How You Can Close the Books and Ring in the New Fiscal Year on Time

It takes 60 seconds for the ball in New York’s Times Square to drop 141 feet and officially ring in the New Year. That’s not a lot of time to consider all the things you want to accomplish in the next 365 days, let alone think about all the things you didn’t quite get to before 11:59 on December 31.

Nonetheless, as you’re contemplating your quarter-one goals, and why you didn’t quite get around to running that marathon, you don’t also want to be confronted by the things you could have done better or devoted more time to, including your year-end financial close.

With the end of the year so near, we’re giving you our top four pro tips for ensuring your books are closed well before the clock strikes 12.

Effective Software for More Effective Public ServicesThe Benefits of FUND Management in Public Service Organizations

DonorExpress started as a volunteer project for a domestic violence shelter in Boone, North Carolina, in 1992. It has since been developed with a user-friendly interface that increases effectiveness and success in donor management for nonprofit organizations and public services that want to build better relationships with donors.

In a recent interview, DonorExpress’ CEO Bob Holder discussed the evolution of donor management, the benefits of the right software, and how DonorExpress and Cougar Mountain Software can build effective relationships with donors.

8 Software Modules for Efficient Public Services AccountingDenali’s FUND Integrated Modules Offer Organizational Peace of Mind to Local Government Agencies and Public Service Providers

Cougar Mountain Software’s Denali FUND is fully integrated, affordably priced public services accounting and financial management software designed exclusively for public service and government agencies. Denali FUND abides by Generally Accepted Accounting Principles (GAAP), as mandated by the Financial Accounting Standards Board (FASB), so it’s built to meet your organization’s unique needs.

Our complete accounting package includes nine software modules that combine to form a complete accounting package for your accounting needs. And each module has unique benefits that can help you manage your organization.

Cougar Mountain Software develops leading on-premises accounting solutions. Our hallmark software, DENALI, is specifically designed to scale to clients’ needs while maintaining an unbreakable audit trail.